MB Trading UK ECN officially open

[Liquid validity]

http://www.mbtrading.co.uk/index.aspx

Came out of beta testing yesterday.
Finally a UK based ECN with FSA regulation and no W-8 hassle etc.
Uk contact phone as well, not U.S. back office.

 

[a_gnome]

http://www.mbtrading.co.uk/index.aspx

Came out of beta testing yesterday.
Finally a UK based ECN with FSA regulation and no W-8 hassle etc.
Uk contact phone as well, not U.S. back office.

Can you give more details, e.g commission costs, typical spreads & how many banks are market making on your platform? I'm using InteractiveBrokers' FX ECN at the moment if you want to make a comparison.

 

[Hotch]

HUZZAH! Been waiting for this.

 

[Liquid validity]

Its not my platform - yet, will be soon.
Only noticed after I posted that its forex only for now, U.S. platform also has stocks, futures & options.

http://www.mbtrading.co.uk/pricing.aspx
Spreads, comms etc all on the above link.
2.95 base currency per 100k comms.
Spread on EU typically 0.6 as an average.
They also pay you for limit orders - adds liquidity to their book.

 

[Liquid validity]

HUZZAH! Been waiting for this.

Same here, a lot less hassle, still only forex though...
Can't see them sticking to forex only in UK?

 

[G.O.A.T]

A lot of the fx bods are setting up in the u.k to skirt around the u.s regs so it might stay as fx only for some time??? Hope not.

 

[forker]

I wonder if their customer support will improve.

 

[Shakone]

MB Trading for forex has been available to UK customers for a while. Trading on futures wasn't available.

So does anyone know if the only change is the increased leverage?

 

[andy2001]

It's UK based in terms of regulation but I think the forex ecn server is in the U.S.

 

[smayer97]

Oct 12, 2012 - MB Trading folds UK office

see here

MB Trading folds UK office | Forex Magnates